Saturday, March 1, 2014

Increasing Demand for Chinese Yuan Denominated Bonds

Bank of china
SINGAPORE — The local branch of Bank of China (BOC) has sold 3 billion yuan (S$619 million) worth of bonds, in a sign of increasing appetite in the city-state for investment products denominated in the Chinese currency...

The offer was 2.96 times oversubscribed, with 52 per cent of the investors from Singapore, 25 per cent from the rest of Asia and 23 per cent from Europe, BOC said.
A recent Reuters report shows that about 18 per cent of China’s total global trade is settled in yuan compared with 2 per cent in 2010.

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